Actionable news
0
All posts from Actionable news
Actionable news in JUNO: JUNO THERAPEUTICS Inc,

BTIG Is No Longer Selling Juno Therapeutics Stock

Juno Therapeutics JUNO Receives BTIG Ratings Boost From Sell To Neutral

BTIG’s Dane Leone has upgraded Juno Therapeutics Inc JUNO 3.74% to Neutral from Sell, as the shares have hit his target price and the ASH abstract release showed similar response rates for the company’s JCAR017 versus Kite Pharma Inc KITE 6.72%’s KTE-C19 in patients with Diffuse Large B-Cell Lymphoma (DLBCL).

“We continue to think that Sell-side estimates for the CD19 CAR T class are too high, but acknowledge that Buy-side expectations are more inline with our model,” Leone wrote in a note.

The analyst said the JCAR017 dataset in DLBCL is small, and 10 of 11 patients within the response group had undergone prior transplant. But, the analyst said they still lack data on response rates in the worst r/r DLBCL group, which is also the largest patient population.

Although toxicity seems slightly favorable to KTE-C19, the analyst said small numbers limit this assertion.

Late August, Leone initiated coverage of the company with a Sell rating and price target of $23.

Shares of Juno Therapeutics closed Thursday’s trading down 5.06 percent to $22.72 and is 61 percent lower than its 52-week high of $57.82. However, by last check Friday, Juno was up 5.68 percent, trading at $24.01.

DateFirmActionFromTo
Nov 2016BTIG ResearchUpgradesSellNeutral
Aug 2016BTIG ResearchInitiates Coverage onSell
Jul 2016BarclaysInitiates Coverage onEqual-Weight

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.